Project Prepares 30 for Home ownership!
Adopt-A-Buyer Project, an initiative of the Monroe Foundation, in partnership with PNC Bank that promotes home ownership in Low-Moderate income communities, was successfully launched on October 1st at PNC Bank, 73rd & Stony Island.
Over 30 participants attended the Adopt-A-Buyer Q & A session that resulted in ten families becoming "adopted" by a PNC mortgage officer and a HUD approved housing counseling to begin the mortgage application planning process, and will be "adopted"by a participating realtor of the initiative's "Adopt-A-Realtor" program as well.
Otis C. Monroe, CEO, the Monroe Foundation, stated, "PNC Bank is becoming a leading financial institution that is committed to serving the African American home-buying community by investing long-term in Adopt-A-Buyer, and focusing this project on increasing homeownerhship and promoting neighborhood stability in low-moderate income communities in the Chicago-land area, particularly communities that are part of the Neighborhood Stabilization Program".
The Adopt-A-Buyer Project is a facilitated by a consortium of HUD approved housing counseling agencies, funded by PNC Bank, that include Nobel Neighbors and Agora Community Services Corporation.
For more information about 2012 Adopt-A-Buyer Home ownership Project outreach events that will take place in communities where PNC Bank has a community presence, contact Otis Monroe, (773) 315-9720.
Otis Chandler Monroe, III
The Monroe Foundation